China hackers swipe millions in data breach

Jon Marino reports:

A big Wall Street technology firm is being sued after allegedly falling for a run-of-the-mill email scam and wiring client funds to hackers.

SS&C Technologies, a $6 billion market capitalization company that bills itself as “the most comprehensive powerhouse of software technology in the financial services industry,” was duped by China-based hackers who sent sloppy emails to company staffers in order to trick them into releasing client money, according to a complaint.

Read more on CNBC.

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